Comparison of 2021 Tax Brackets Vs 2020 Tax Brackets

2021 Tax Brackets
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The 2021 tax brackets in comparison to 2020 tax brackets increased around 2% due to indexing. The new tax law passed in 2017 maintains the 10% tax rate baseline for earners in the lower spectrum but slashes the high-income tax rates from 39.6% to 37% starting in 2018.

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You can find out more about 2020 tax brackets vs 2019 tax brackets, a comparison of tax brackets for 2019 vs 2018, and the difference between 2017 and 2018 tax brackets.

Single tax payers

2021 Tax Rate 2021 Income Bracket | 2020 Rate 2020 Income Bracket
10% Up to $9,950 | 10% Up to $9,875
12% $9,516-$40,525 | 12% $9,876-$40,125
22% $40,526-$86,375 | 22% $40,126-$85,525
24% $86,376-$164,925 | 24% $85,526-$163,300
32% $164,926-$209,425 | 32% $163,301-$207,350
35% $209,426-$523,600 | 35%  $207,351-$518,400
37% $523,601+ | 37% $518,401+


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Married couples filing jointly or Qualifying Widow

2021 Tax Rate 2021 Income Bracket | 2020 Rate 2020 Income Bracket
10% Up to $19,900 | 10% Up to $19,750
12% $19,901-$81,050 | 12% $19,751-$80,250
22% $81,051-$172,750 | 22% $80,251-$171,050
24% $172,751-$329,850 | 24% $171,051-$326,600
32% $329,851-$418,850 | 32% $326,601-$414,700
35% $418,851-$628,300 | 35% $414,701-$622,050
37% $628,301+ | 37% $622,051+


Married couple filing separately

2021 Tax Rate 2021 Income Bracket | 2020 Rate 2020 Income Bracket
10% Up to $9,950 | 10% Up to $9,875
12% $9,951-$40,525 | 12% $9,876-$40,125
22% $40,526-$86,375 | 22% $40,126-$85,525
24% $86,376-$164,925 | 24% $85,526 – $163,300
32% $164,926-$209,425 | 32% $163,301-$207,350
35% $209,426-$314,150 | 35% $207,351-$311,025
37% $314,151+ | 37% $311,026+

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Heads of the household

2021 Tax Rate 2021 Income Bracket | 2020 Rate 2020 Income Bracket
10% Up to $14,200 | 10% Up to $14,100
12% $14,201-$54,200 | 12%  $14,100-$53,700
22% $54,201-$86,350 | 22% $53,700-$85,500
24% $86,351-$164,900 | 24% $85,501-$163,300
32% $164,901-$209,400 | 32% $163,301-$207,350
35% $209,401-$523,600 | 35% $207,350-$518,400
37% $526,601+ | 37% $518,401+

You can also read about 2018 Tax Reform – Business Interest Deduction, Section 199A – Impact on Small and Pass-through business or 2018 Tax law update for Individuals. Contact us to learn more about our services.

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